Howard Lutnick: How America Can Hit 6% GDP Growth in 2026

Howard Lutnick, the Secretary of Commerce, reflects on his first year in government, emphasizing his goal to maximize positive outcomes and rethink traditional approaches. He recounts cutting 20% of the Commerce Department's staff and restructuring programs, aiming to optimize the department's diverse capabilities. Lutnick details the administration's strategy on tariffs, viewing trade imbalances as a critical issue, and shares insights into negotiating trade deals with countries like Japan, highlighting innovative financing structures. He also discusses efforts to lower pharmaceutical prices by advocating for "Most Favored Nation" pricing and incentivizing domestic manufacturing. Furthermore, Lutnick outlines plans to combat fraud within federal programs by leveraging technology and inter-departmental collaboration, and forecasts significant GDP growth driven by construction projects and strategic economic policies.